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If the Kurds declare independence, how will they make money? Their revenues are 90% of their economy, and they are a landlocked country.....surrounded by Syria, Turkey and Iran. They have no access to the ocean, to ship oil. To ship their oil, they need to convince a country like Turkey to let them ship their oil, via a pipeline. Turkey won't support independence of Kurds because they have a large population of Kurds in Turkey, who would be emboldened to fight for breaking up Turkey. And the Turks are not going there. Same with Iran. They have a Kurdish population that would like it's own territory, and so Iran will not let them ship oil through their country. And of course Iraq will never let an independent Kurdistan ship their oil through Iraq. So that leaves Syria. Will war-torn Syria let them? Syria has ocean access. To Iraq I say: good luck with that. Not gonna happen. It's interesting though that Putin has recently come out with some mildly supportive comments on Kurdistan independence. The thing is Putin does not give to shits about the Kurds, so what is going on? My guess? The Russians have a lot of influence in Syria, the one country where an independent Kurdistan THEORETICALLY has a chance to get their oil out to sell, so they can make money and be a real country. The Russians could help the Kurds do that. So what is Putin up to? He wants something, in concession for not doing that, for not using his influence in Syria, so that the Syrians do not allow a pipeline to go through. I wonder what the Russians are asking for, in concession for not pushing this? Believe me, it is not zero. Putin is a smart cookie and is playing his hand well. He will get something out of this.

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South Korea, the world's 4th largest economy had their Won pegged at 1100 to $1 for decades.

It's more about the country's total worth than it's about the peg to the USD.

IQD locked to the USD will go nowhere.

It must break away from the USD, then float.

South Korea is an exporting economies and they are in direct competition with other economies (countries). To stay competitive, they need the price of their currency to remain low, otherwise they will lose the edge.

Iraq is diff, they import almost anything (just like all the other gulf nations) hence it is important for them to have a strong currency (to minimize the outflow of their wealth/currency).

To say IQD will go nowhere if they continue to lock to the USD.....is errr, how do I say this...wrong?

Most GCC countries are pegged to the US dollar and look at the value of their currencies.

Stable domestic currency and a fixed exchange rate is good for the traders, they do not have to face currency risks, and therefore will be more willing to invest and facilitate trade.

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Me too! I did good on bit coin when breitling said to by those things! I bought $2,,000.00 worth when they were .25 ! My wife thought I was crazy for doing that! Now she is really happy!! I bought her a new Cadillac! I really like ole Breitling! He has always made sense to me!

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10-12-2017 Guest Guru BobTheTaxManIt’s not going to be taxed as capital gains despite what anyone else may have told you…it’s not.

This is going to be an ordinary tax event.

The reason why is because you did not buy this under contract with a specific date for return therefore you don’t qualify for the blessings of being a true forex trader and the IRS already said…no.

So don’t even consider someone else’s idea on this cause quite frankly guys you’re only setting yourself up for problems.

And if you were to file a tax return showing it as capital gains but identifying what it is, I can assure you you’re going to get snagged.

So don’t do it. [NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]

5

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10-12-2017 Newshound Guru MilitiaMan Quote: "The general orientation of the central bank is working to restore the Iraqi dinar exchange rate against the dollar to its former glory in collaboration with government banks, indicating that the bank seeks to make way for government banks to carry out sale the dollar put pressure on speculators in the markets."

Well this is obviously a word to get attention.. Glory be it!

What other glory is there than bring back your currency to it's real value and away from a program rate?

We all know the banks are meeting with the UST and have been for some time now.

Are the final touches in place? I'll bet so.

Even Abadi today is just about ready to tell the world the final inches of Iraq are liberated from ISIS.

Security and stability, is at hand.

Therefore, imo the remaining touches if you will are being done and in a very timely manner. 9-15/2017 IMF, 10/16/2017 Private Banks and the UST and then 10/18/2017 Iraq and US represented by the Institute of Strategic Studies.

When it does occur, the income flow from taxes due to consumerism within the private sector will help them to repay loans, increase the funding for reconstruction, and allow for any budget shortfalls to be bridged...

The ability to bring about an increase in spending for the population of the nation of Iraq is the goal now...

The only way for all of these financial obligations to be met within Iraq is the value of their currency to increase substantially...

That is the endgame as we near the completion of monetary reform within Iraq...